As noted in my last column, operating losses account for only $232 million of the $519 million Major League Baseball claims to have lost in 2001. Another $112,491,000 represents net interest expenses. Here’s how the interest was distributed.
There is simply no perfect spring day that Bud Selig can’t ruin.
There is simply no perfect spring day that Bud Selig can’t ruin. Yesterday, Selig announced that he was going to begin enforcing a 27-year-old rule that had been ignored for, well, most of the last 27 years. According to the so-called "60-40" clause, teams cannot have debt higher than 40 percent of their asset value….
Part One Part Two Part Three Part Four Part Five Part Six As noted in my last column, operating losses account for only $232 million of the $519 million Major League Baseball claims to have lost in 2001. Another $112,491,000 represents net interest expenses. Here’s how the interest was distributed: Team Interest Chicago Cubs $4,665,000…